Mesa Royalty Trust (NYSE:MTR) Short Interest Update

Mesa Royalty Trust (NYSE:MTR) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 6,613 shares, a drop of 41.7% from the February 12th total of 11,338 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 18,949 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 18,949 shares, the short-interest ratio is currently 0.3 days. Approximately 0.4% of the company’s stock are short sold.

Mesa Royalty Trust Stock Down 2.5%

NYSE MTR traded down $0.13 during midday trading on Friday, hitting $5.16. The company had a trading volume of 14,052 shares, compared to its average volume of 33,020. The firm has a fifty day simple moving average of $4.79 and a two-hundred day simple moving average of $4.88. The stock has a market cap of $9.60 million, a price-to-earnings ratio of 22.44 and a beta of 0.48. Mesa Royalty Trust has a fifty-two week low of $4.03 and a fifty-two week high of $10.42.

Mesa Royalty Trust Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Friday, January 30th will be given a $0.0015 dividend. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, January 30th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Mesa Royalty Trust in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Mesa Royalty Trust Company Profile

Mesa Royalty Trust (NYSE: MTR) is a statutory trust that holds overriding royalty interests in oil and natural gas properties primarily located in the Permian Basin of Texas and New Mexico. Established in 1981 by Mesa Production Oil & Gas, Inc, the trust’s portfolio comprises interests in thousands of producing wells across key producing areas, including the Midland, Delaware and Central Basin platforms. These interests provide the trust with net revenue rights to a portion of the hydrocarbons produced from the underlying formations.

The trust’s core business activity is the collection and distribution of royalty income derived from the sale of crude oil, natural gas and natural gas liquids (NGLs).